The news came as Tata Consultancy Services Ltd, India’s biggest software services company, reported its results on Thursday
The operating profit was at Rs 7,733 crore in the reported quarter.
The board of country’s largest software company met at its office in downtown Mumbai Thursday morning, but the directors were tight-lipped about any decision.
The m-cap of TCS soared Rs 22,236.28 crore to reach Rs 4,98,528.12 crore, emerging as the biggest gainer among the top-10 firms.
TCS had reported net profit of Rs 3,713 crore in the same period of last fiscal as per IGAAP accounting norms.
The Mumbai-based firm said it remains committed to protecting IP as well as its reputation and financial interests fully.
According to TCS, constant currency revenue growth was 0.5 per cent on a Q-o-Q basis and the international business CC revenue growth at 1.1 per cent.
Judge Vrushali V Joshi also sentenced Sanap to seven years in prison for kidnap, robbery and destruction of evidence, in addition to paying a compensation of Rs. 50,000 to Anuhya’s family.
The blue-chip stock ended the day with a loss of 4.39 per cent at Rs 2,483.40 on BSE. During the day, it declined by 4.51 per cent to Rs 2,480.
The company clocked a 14.1 per cent rise in revenue at Rs 27,165 crore in the latest quarter as against Rs 23,816 crore in the same period of last year.
The move by the Labour Department comes days after the NYT had reported that hundreds of employees at Walt Disney.
Barring ICICI Bank, rest nine companies, including TCS, RIL, ONGC and ITC suffered losses in their market capitalisation (m-cap).
Firm offers record Rs2,628 crore payout to staff on 10th IPO anniversary.
The market valuation of Sun Pharma surged Rs 14,062.80 crore to Rs 2,23,378.93 crore, the most among the top 10 firms.
The tech major has reported revenues of Rs 24,501 crore, a rise of 2.9 per cent on sequential basis and 15.1 per cent on a year-on-year basis.